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ADTIGER CORP: Interim Report 2024
adtiger corp (01163) released its interim results with a net loss of 4.64 million yuan, a year-on-year turnaround from profit to loss.
adtiger corp (01163) releases its six-month performance for the period ending June 30, 2024, with group revenue of RMB 1...
ADTIGER CORP: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Adtiger Corp (01163.HK) is expected to turn a profit into losses in the mid-term, losing up to 6 million Hong Kong dollars.
ADTiger Corp (01163.HK) is expected to have a net loss of approximately RMB 4 to 6 million for the six months ending on June 30, compared to a net profit of approximately RMB 5.4 million for the same period last year. The board of directors believes that the change from net profit to net loss is mainly due to the global economic downturn and increasingly fierce market competition during the reporting period. To encourage customers to increase their advertising spending, the group has offered customers more favorable pricing policies, resulting in a decline in gross profit during the reporting period. The board of directors believes that enhancing market share is beneficial for the long-term development of Yau Lee Holdings in the economic downturn.
Adtiger Corp (01163) issued a profit warning, expecting a net loss of approximately 4 million yuan to 6 million yuan in the mid-term, turning from profit to loss year-on-year.
Adtiger Corp (01163) announced that the group expects a net loss of approximately... for the six months ending June 30, 2024.
Adtiger Corp (01163.HK) will hold a board of directors meeting on August 22nd to approve the mid-year performance.
ADTiger Corp (01163.HK) announced that the board of directors will hold a meeting on August 22, 2024 to review and approve the proposed mid-year performance and interim dividend (if any) of the company and its subsidiaries for the six months ended June 30, 2024.